U.S. Census Bureau
U.S. Bureau of Economic Analysis
NEWS
U.S. Department of Commerce * Washington, DC 20230
FOR IMMEDIATE RELEASE
8:30 A.M. EST THURSDAY, MARCH 7, 2013
For information on goods contact:
U.S. Census Bureau:
Matthew Przybocki
301-763-3148
Maria Iseman
301-763-2311
For information on services contact:
U.S. Bureau of Economic Analysis:
Technical: Edward Dozier
202-606-9559
Media: Ralph Stewart
202-606-2649
CB13-44, BEA13-08, FT-900 (13-1)
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES
January 2013
Goods and Services
The U.S. Census Bureau and the U.S. Bureau of
Economic Analysis, through the Department of Commerce,
announced today that total January exports of $184.5 billion
and imports of $228.9 billion resulted in a goods and services
deficit of $44.4 billion, up from $38.1 billion in December,
revised. January exports were $2.2 billion less than December
exports of $186.6 billion. January imports were $4.1 billion
more than December imports of $224.8 billion.
In January, the goods deficit increased $5.7 billion from
December to $61.8 billion, and the services surplus decreased
$0.6 billion from December to $17.3 billion. Exports of goods
decreased $2.0 billion to $130.8 billion, and imports of goods
increased $3.6 billion to $192.5 billion. Exports of services
decreased $0.1 billion to $53.7 billion, and imports of services
increased $0.5 billion to $36.4 billion.
The goods and services deficit decreased $7.8 billion
from January 2012 to January 2013. Exports were up $5.8
billion, or 3.3 percent, and imports were down $2.0 billion, or
0.9 percent.
Goods (Census Basis)
The December to January decrease in exports of goods
reflected decreases in industrial supplies and materials ($2.6
billion) and other goods ($1.0 billion). Increases occurred in
capital goods ($0.7 billion); foods, feeds, and beverages ($0.4
billion); consumer goods ($0.3 billion); and automotive
vehicles, parts, and engines ($0.2 billion).
The December to January increase in imports of goods
reflected increases in industrial supplies and materials ($4.0
billion); other goods ($0.7 billion); and capital goods ($0.5
billion). Decreases occurred in consumer goods ($0.9 billion)
and automotive vehicles, parts, and engines ($0.7 billion).
Foods, feeds, and beverages were virtually unchanged.
The January 2012 to January 2013 increase in exports of
goods reflected increases in foods, feeds, and beverages ($1.2
billion); capital goods ($1.1 billion); consumer goods ($1.0
billion); and other goods ($0.3 billion). Decreases occurred in
industrial supplies and materials ($0.3 billion) and automotive
vehicles, parts, and engines ($0.3 billion).
The January 2012 to January 2013 decrease in imports of
goods reflected decreases in industrial supplies and materials
($4.2 billion); automotive vehicles, parts, and engines ($0.3
billion); and foods, feeds, and beverages ($0.2 billion).
Increases occurred in consumer goods ($1.4 billion); capital
goods ($1.3 billion); and other goods ($0.3 billion).
Services
Exports of services decreased $0.1 billion from December
to January. Decreases in other transportation ($0.2 billion),
which includes freight and port services, and travel ($0.2
billion), were partly offset by increases in other private
services ($0.2 billion) which includes items such as business,
professional, and technical services, insurance services, and
financial services, and passenger fares ($0.1 billion). Changes
in the other categories of services exports were relatively
small.
Imports of services increased $0.5 billion from December
to January. The increase reflected increases in travel ($0.2
billion), other transportation ($0.1 billion), passenger fares
($0.1 billion), and other private services ($0.1 billion).
Changes in the other categories of services imports were
relatively small.
The January 2012 to January 2013 increase in exports of
services was $2.8 billion or 5.5 percent. The largest increases
were in other private services ($1.1 billion) and travel ($1.0
billion). Within other private services, the largest increase
was in financial services.
The January 2012 to January 2013 increase in imports of
services was $0.1 billion or 0.3 percent. Increases in other
private services ($0.2 billion), other transportation ($0.1
billion), and passenger fares ($0.1 billion) were partly offset
by a decrease in direct defense expenditures ($0.2 billion).
Within other private services, the largest increase was in
financial services.
Goods and Services Moving Average
For the three months ending in January, exports of goods
and services averaged $184.5 billion, while imports of goods
and services averaged $228.1 billion, resulting in an average
trade deficit of $43.6 billion. For the three months ending in
December, the average trade deficit was $42.8 billion,
reflecting average exports of $183.1 billion and average
imports of $226.0 billion.
Selected Not Seasonally Adjusted Goods Details
The January figures show surpluses, in billions of dollars,
with Hong Kong $2.7 ($4.0 for December), Australia $1.2
($1.7), Singapore $0.7 ($1.1), and Brazil $0.9 ($1.3). Deficits
were recorded, in billions of dollars, with China $27.8 ($24.5),
European Union $8.6 ($8.7), OPEC $6.4 ($3.4), Japan $6.1
($5.7), Canada $4.9 ($3.6), Germany $4.2 ($5.4), Mexico $3.6
($3.9), Korea $2.1 ($1.1), Venezuela $2.0 ($1.3), Ireland $1.9
($1.5), Saudi Arabia $1.9 ($1.7), and India $1.5 ($0.5).
Advanced technology products exports were $24.0 billion
in January and imports were $31.2 billion, resulting in a
deficit of $7.1 billion. January exports were $3.6 billion less
than the $27.6 billion in December, while January imports
were $1.8 billion less than the $32.9 billion in December.
Revisions
For all months of 2012, the seasonally adjusted goods
data, on both a census basis and a balance of payments basis,
and the seasonally adjusted services data were revised to align
the seasonally adjusted months with the annual totals.
Census Basis (not seasonally adjusted)
For December, exports of goods were revised up $0.1
billion and imports of goods were revised up $0.1. Goods
carry-over in January was $0.3 billion (0.2 percent) for exports
and $1.2 billion (0.6 percent) for imports. For December,
revised export carry-over was virtually zero and revised
import carry-over was $0.3 billion (0.1 percent).
Balance of Payments Basis (seasonally adjusted)
For July through December 2012, exports and imports of
goods and services were revised to incorporate more
comprehensive and updated quarterly and monthly data.
For December, exports of goods were revised up $0.3 and
imports of goods were revised up $0.1 billion.
For December, exports of services were virtually
unrevised as upward revisions in travel, transfers under U.S.
military sales contracts, and royalties and license fees were
largely offset by a downward revision in other private
services. For December, imports of services were revised
down $0.3 billion as downward revisions in royalties and
license fees, direct defense expenditures, and other private
services were partly offset by upward revisions in travel and
other transportation.
NOTICE
Changes to Exhibit 15
Effective with this release, Exhibit 15 has been modified to incorporate the following changes in commodity
groupings and definitions:
* The Manufactured Goods total is based on the North American Industry Classification System
(NAICS).
* The selected commodities are based on the 1- and 2-digit Standard International Trade Classification
(SITC) codes.
These changes reflect a more comprehensive and cohesive listing of commodities. There are also minor
modifications to the general structure of the exhibit. Historical data for January 2010 to December 2012 are
available at www.census.gov/foreign-trade/statistics/notices/20121211_exh15.html.
Upcoming Revisions to Goods and Services
On June 4, 2013, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis (BEA) will release “U.S.
International Trade in Goods and Services: April 2013” and “U.S. International Trade in Goods and Services:
Annual Revision for 2012.” With these releases, statistics on U.S. trade in goods and services will be revised to
reflect newly available and more complete source data, changes in classifications, and improved methodologies.
The revisions will affect statistics for January 1999 to March 2013 for both exports and imports. The revised
statistics will also be reflected in “U.S. International Transactions: First Quarter 2013” and in the annual
revision of the U.S. international transactions accounts , both to be released by BEA on June 14, 2013.
Revisions to exports and imports of goods on a Census basis will reflect a change in the Census Bureau’s
revision policy to apply corrections and adjustments to the not seasonally adjusted data for the prior three years
(2010-2012), as well as recalculated seasonal and trading-day adjustments for January 2010 to March 2013. As
a result of these changes, Exhibits 6, 7, 13, 14, 15, 15a, 16, and 17 in the “U.S. International Trade in Goods
and Services: Annual Revision for 2012” release will be expanded to present three years of revised statistics.
More information on changes to the revision policy and sample files of the modified exhibits are available at
www.census.gov/foreign-trade/statistics/notices/20121211_RevisionPolicy.html.
In addition to revised statistics on goods on a Census basis, revisions to exports and imports of goods on a
balance of payments (BOP) basis will reflect revised BOP adjustments – adjustments that BEA applies to goods
on a Census basis to convert them to a BOP basis. The adjustments will be revised beginning with January
2007 for exports and with January 1999 for imports. For more information on BOP adjustments, see the
information section that begins on page A-1 of this release.
Revisions to exports and imports of services, which will be revised beginning with January 1999, will reflect a
combination of newly available and more complete source data, changes in classifications, and improved
methodologies.
Changes to the Real (Chained) Dollar Series
With the releases in June (see above), the base year for the chained-dollar series will be changed to 2009 from
2005 to base the time series on prices from a more recent year. Historical data for January 1994 to April 2013
will be available at www.census.gov/foreign-trade/statistics/historical/ at the time of release.
If you have any questions or need additional information, please contact the Data Dissemination Branch of the
U.S. Census Bureau’s Foreign Trade Division on (800) 549-0595, option 4, or at
ftd.data.dissemination@census.gov.
Table of Contents
Seasonally Adjusted
Exhibit 1
U.S. International Trade in Goods and Services - 1
Exhibit 2
U.S. International Trade in Goods and Services Three-month Moving Averages - 2
Exhibit 3
U.S. Services by Major Category – Exports - 3
Exhibit 4
U.S. Services by Major Category – Imports - 4
Exhibit 5
U.S. Trade in Goods - 5
Exhibit 6
Exports and Imports of Goods by Principal End-Use Category - 6
Exhibit 7
Exports of Goods by End-Use Category and Commodity - 7
Exhibit 8
Imports of Goods by End-Use Category and Commodity - 9
Exhibit 9
Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use
Category Totals - 11
Exhibit 10
Real Exports and Imports of Goods by Principal End-Use Category - Chained (2005)
Dollars - 12
Exhibit 11
Real Exports, Imports, and Balance of Goods, Petroleum and Non-Petroleum End-Use
Commodity Category Totals - Chained (2005) Dollars - 13
Not Seasonally Adjusted
Exhibit 12
U.S. Trade in Goods - 14
Exhibit 13
Exports and Imports of Goods by Principal End-Use Category - 15
Exhibit 14
Exports, Imports, and Balance of Goods by Selected Countries and Areas - 16
Exhibit 14a
Exports, Imports, and Balance of Goods by Selected Countries and Areas- 17
Exhibit 15
Exports and Imports of Goods by Principal Commodities -18
Exhibit 16
Exports, Imports, and Balance of Advanced Technology Products- 20
Exhibit 16a
Exports, Imports, and Balance of Advanced Technology Products by Technology
Group and Selected Countries and Areas -21
Exhibit 17
Imports of Energy-Related Petroleum Products, Including Crude Oil - 22
Exhibit 18
Exports and Imports of Motor Vehicles and Parts by Selected Countries - 23
Information on Goods and Services - A-1